3128 ARTICLE 81

1939, ch. 277, sec. 224.

231. (Credit Against Tax Allowed Residents.) Whenever a resident
individual of this State has become liable for income tax to another State
upon such part of his net income for the taxable year as is properly sub-
ject to taxation in such State, the amount of income tax payable by him
under this sub-title shall be reduced by the amount of the income tax so
paid by him to such other State upon his producing to the Comptroller
satisfactory evidence of the fact of such payment; but application of such
credit shall not operate to reduce the tax payable under this sub-title to
an amount less than would have been payable if the income subjected to
tax in such other State were ignored. The credit provided for by this sec-
tion shall not be granted to a taxpayer when the laws of such other State
allow a credit to such taxpayer substantially similar to that granted by
Section 232 hereof.

1939, ch. 277, sec. 225.

232. (Credit Against Tax Allowed Non-Residents.) Whenever an in-
dividual not a resident of this State has become liable for income tax to
the State where he resides upon his income for the taxable year including
that taxable in this State, the amount of income tax payable by him under
this sub-title shall be credited with such proportion of the tax so payable
by him to the State where he resides, as his net income subject to taxation
under this sub-title bears to his entire income upon which the tax so payable
to such other State was imposed; but such credit shall be allowed only if
the laws of said State (a) grant a substantially similar credit to residents
of this State subject to income tax under such laws, or (b) impose a tax
upon the income of its residents subject to taxation in this State and
exempt from taxation the income of residents of this State. No credit
shall be allowed against the amount of the tax on any income taxable under
this sub-title which is exempt from taxation under the laws of such other
State.

1939, ch. 277, sec. 226.

233. (Income for First Taxable Year.) The taxes imposed by this
sub-title shall first be collected and paid with respect to the income received
during the calendar year 1939. In the event the taxpayer's taxable year
is a fiscal year, the income taxable during the first taxable year shall be
such proportion of the income for the entire fiscal year as the number of
days remaining in the fiscal year after January 1st, 1939, bears to three
hundred and sixty-five days. Provided, however, that if the taxpayer's
records disclose the exact income for that part of the fiscal year falling in
the calendar year 1939, then the portion of the fiscal year's income tax-
able hereunder shall be the portion received or accrued during the calendar
year 1939.

1939, ch. 277, sec. 227.

234. (Individuals and Fiduciaries Who Shall File Returns.) (a)
Every individual resident of this State, and every individual not a resident
of this State receiving income taxable under this sub-title, except fiduci-
aries, shall file with the Comptroller a return stating specifically the items
of his gross income and the items which he claims as deductions, exemp-
tions and credits allowed by this sub-title, when